BUY AN INVESTMENT PROPERTY OR PAY MY 20K IN TAXES?

[Melissa Harris]

Hey BP family! I am really needing some advice on this and I hope that I can explain it well enough for you to be able to answer my question.

So my situation is that I am self-employed (Realtor) and the last 2 years I have written off alot to be able to not pay much in taxes, so I only showed I made $45,000/per year. This year I will be grossing around $100k and I am told if I want to buy another property, that I cannot write off much this year to show "more" income. So this means that I will more and likely pay up to $20k in taxes! Which I don't want to do at all. 

My question to you guys is, can I invest that $20k that I have saved up into a condo or SFR by the end of this year and NOT have to pay taxes? I know that there are a TON of benefits for owning real estate, I know some of my friends that are investors, don't have to pay a dime to the IRS. I am wondering if I am way off and just dreaming that this could be possible or if there is really a way to do this?